In a recent article, 10x Research suggested that there's another significant market rally on the horizon this year. However, to reap its potential benefits, investors need to be timely and strategic in their approach. The assertion was based on the firm's cycle and macro analysis, which previously and accurately predicted the Bitcoin price at halving 15 months in advance.
10x Research has strategically adapted its views by setting ambitious targets and becoming conservative when foreseeing possible downturns, as seen in August 2023, January 2024, and April 2024. They are credited to have correctly called all three consolidation periods in the past year.
The firm's analysis suggests that a more dynamic approach is necessary in the current market, replacing the traditional buy-and-hold (hodl) strategy that appears to be increasingly ineffective. It also indicates the necessity for traders to have a realistic understanding of the market and a comprehensive plan to navigate potential turning points. This includes identifying when Bitcoin transitions from a bull market to a consolidation period, during which minimal market exposure is advised.